Vietnamese shares declined on Monday after rising for six consecutive sessions, as large-cap stocks underperformed as investors made sales in pursuit of short-term profits.
Shares maintained slight growth on Friday but the recurrence of profit-taking pressure in the afternoon trade over the past three sessions continued to pose a risk to the market’s uptrend.
Vietnamese shares advanced on Friday, driven by strong investors’ purchases for stocks that had fallen in the previous four sessions.
Việt Nam’s benchmark VN Index fell for a fourth straight session, dragged down by large-cap stocks amid investors’ worries over the market short term prospects and international trade news.
Shares ended on a positive note on Tuesday as cash flowed into large-caps.
The exciting movement of the market on Monday morning was extinguished by selling pressure increasing in the afternoon, affecting many large-cap stocks.
Việt Nam will produce over 23 million tonnes of animal and poultry feed this year, according to a report by the Ministry of Agriculture and Rural Development.
Shares closed the week in the green but there were signs of weakness along with declining liquidity.